Accounting Basics Course

CFT Credits: 3.00

The Accounting Basics course provides a complete foundation in basic accounting procedures for students who have minimal or no college accounting or business background, need a refresher course on accounting fundamentals, or need to prepare for further accounting study (see complete description below).

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The Accounting Basics course provides a complete foundation in basic accounting procedures for students who have minimal or no college accounting or business background, need a refresher course on accounting fundamentals, or need to prepare for further accounting study. Bank and Credit Union employees at all levels are encouraged to take this course if they have not already taken a college level Accounting course. This course is a recommended prerequisite to the Accounting course.

Covered Topics Include:

Starting a Proprietorship: Changes That Affect the Accounting Equation Analyzing Transactions into Debit and Credit Parts Journalizing Transactions Posting to a General Ledger Cash Control Systems Creating and Planning Work Sheet for a Service Business Financial Statements for a Proprietorship Recording Adjusting and Closing Entries for a Service Business Journalizing Purchases and Cash Payments Journalizing Sales and Cash Receipts Using Special Journals Posting to General and Subsidiary Ledgers Preparing Payroll Records Payroll Accounting, Taxes and Reports Distributing Dividends and Preparing a Work Sheet for a Merchandising Business Financial Statements for a Corporation Recording Adjusting and Closing Entries for a Corporation

Audience: Students with little or no accounting background at any level.

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Online Course Format Your course will be facilitated by an instructor who will guide you through each lesson and is available to answer questions and provide feedback on your assignments. Each week, you will locate your assignment in your online classroom. The assignment will include: • reading assigned chapter(s) in your textbook • and one or more of the following: completing a short assignment and either forwarding the assignment electronically to your instructor, posting it on the electronic class Discussion Board, and completing a self-check. The semester length courses will have a mid-term examination and a final examination. These examinations and quizzes will be administered electronically over the Internet. Your overall grade for the class will be based on your performance on the weekly assignments, mid-term examinations and the final examination.Guided Self Study Format Guided Self-Study Courses offered by the Center for Financial Training are student-friendly, college level courses that allow you to take control of your busy schedule. You will study on your own, however you will have a qualified instructor only a telephone call or e-mail away. Upon registering for a class, you will be mailed a textbook, a syllabus outlining your course, and your first open-book quiz. You will have four months (certain classes allow less than four months) from the starting date to complete your class. The starting date is three business days from the date books and related materials are mailed to you. An advisor at the CFT office will keep in touch with you to provide additional assistance to help keep you on schedule. Your exams (two per class) will be proctored by an officer or manager at your financial institution. Upon satisfactory completion of your class, you will, within days, receive your grade and the appropriate credits for the class, which are the same as though you had earned them by taking the course in a classroom or online.Classroom Format Evening classroom courses meet once each week for a total of 1 to 15 weeks depending on the topic. These courses are taught by qualified instructors with real-life experience from the financial services, legal, and academia sectors. Our faculty is comprised of credentialed professionals with a broad range of subject matter expertise who always present interactive and dynamic classroom experiences. They have significant experience in the field they are teaching, and most have advanced degrees. CFT faculty members are dedicated to helping students achieve their educational goals and actively serve as mentors for those seeking degree status. Features and Benefits of CFT Live Evening Classroom Courses: Discussion and dialogue are “face to face” Student questions are answered immediately Students learn first-hand about the on-the-job experiences of their classmates Instructor assistance is always available – during class & after hours Interactive “live” classroom environment Students form peer groups that last a lifetimeIn-House Format Virtually any course or seminar that CFT offers can be brought onsite and taught to your employees at the most convenient time for your company. You can also purchase CFT curriculum and teach the course in-house with an internal instructor.

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Choose the delivery option that best suits your needs. Tuition includes textbook (if applicable).Live Class times are local time. You can choose to pay by credit card or invoice when you register.